Question
Ali company started its operation on april 1 2016 the following transaction took place during the first month of operations April 1. Ali invests 900000
Ali company started its operation on april 1 2016 the following transaction took place during the first month of operations
April 1. Ali invests 900000 cash to start the business
April 4. Purchased supplies for 4400 on credit
April 7. Purchased furniture for 25000 cash
April 10. Purchased equipment for 160000 paying 50000 in cash and the remainder on credit
April 15. Services billed to customers amount to 66000
April 19. Paid 6600 cash for april rent
April 24. Received utility bills for 8400 for the month of april
April 25. recieved 46000 cash from cutomers in payment for services billed in april 15
April 26. paid 24000 cash for salaries
April 30. ali withdrew 5600 from the business for personal use.
Requires:
Prepare journal entries to record the above transaction.
Post to the appropriate ledger.
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Social Responsibility Audit A Management Tool For Survival
Authors: John W Humble
1st Edition
0900853522, 978-0900853524
